medium · National Real Estate Exam disclosures
Jordan Diaz is advising a client when this issue arises: The licensee knows of concealed structural movement that materially affects value and is not readily observable by the buyer.
Which response is most consistent with national real-estate principles?
- Describe the issue as cosmetic without investigating the known facts.
- Wait for the buyer to ask the exact right question.
- Stay silent because the seller instructed the licensee not to mention it.
- Disclose the known latent defect despite the seller’s instruction.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam disclosures practice
- The agent must:
- A buyer is interested in a parcel of land for a new housing… — What is the primary purpose
- According to federal law, which of the following is true?
- A buyer's 'innocent landowner' defense against liability under CERCLA generally requires t
- What is the agent's professional responsibility?
- A seller's agent knows that the roof is at the end of its us… — Is the agent required to d
- Carbon monoxide is a hazardous substance most commonly produced by which source in a resid
- What is the seller's obligation regarding the paint itself?